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1232 South Old Forge Court

1232 South Old Forge Court, Palatine, IL 60067
Property in Palatine
Sold Mar 18, 2022
Transfer
Sold Aug 10, 2001
$597,500
$150,000 by First Quality Mtg Company Inc
Mortgage Due Aug 01, 2016
Local assessors in Palatine, IL have categorized 1232 South Old Forge Court as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 7,544 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1232 South Old Forge Court has a total of 3,592 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $597,500 in Jul 23, 2001. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $12,710 in taxes each year. 1232 South Old Forge Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $47,117. If we break it down further, the land itself was valued at $5,281. Improvements to the property, however, were assessed at a total of $41,836. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 7,544
  • Total Building Area: 3,592
  • Gross Building Area: 3,592
  • Building Area: 3,592
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,592
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEXFORD 03
  • Land Acres: 0.173
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : AWACHAT PARAG
  • Current Owner 2: VYAS JYOTI
  • Previous Owner : AWACHAT PARAG
  • Previous Owner 2: VYAS JYOTI
  • Owner Before Previous Owner: WEXFORD LTD PARTNERSHIP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804106

Geography

  • District: 29
  • Parcel: 02-27-415-011-0000
  • Lot: 73
  • Meridian: SEC 27 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0877
  • Longitude: -88.0534

    Address

  • Full Address: 1232 S Old Forge Ct
  • Address - House Number: 1232
  • Street Direction: S
  • Address - Street Name: Old Forge
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Palatine
  • Carrier Code: C065
  • 4-Digit Zip Code: 2394
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,710
  • Tax Rate Code Area: 29134

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 746,899
  • High Value: 914,696
  • Low Value: 579,103

    Market Valuation

  • Market Total Value: $471,170
  • Market Land Value: $52,810
  • Market Improvement Value: $418,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,117
  • Assessed Land Value: $5,281
  • Assessed Improvements Value: $41,836

    Sales

  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Transaction ID: 11888784278
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2207721384
  • Previous Sale Recording Date: Aug 10, 2001
  • Previous Sale Contract Date: Jul 23, 2001
  • Previous Sale Amount: $597,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST QUALITY MTG COMPANY INC
  • Previous Mortgage Transaction Date: Aug 10, 2001
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Aug 01, 2016

About Palatine



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Frequently Asked Questions

What neighborhood is 1232 South Old Forge Court located in?
The 1232 South Old Forge Court is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 1232 South Old Forge Court?
The average sales price for units in 1232 South Old Forge Court is $0 currently.

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